This is “netting revenue against expense” and is a violation of GAAP. The Revenue Definition and Recognition section of OUC's Accounting Handbook provides guidance on revenue accounting for CU. The ...

Until last year, revenue recognition had been the most common GAAP violation alleged since Cornerstone first began tracking ...

In addition, revenue accounting at the University of Colorado is also influenced by the Revenue Definition and Recognition section of the OUC's Accounting Handbook. Some of these revenue ...